South-Eastern Asia: Medical Steriliser Market 2024

Medical Steriliser Market Size in South-Eastern Asia

After two years of growth, the Southeast Asian medical steriliser market decreased by -9.3% to $X in 2022. The market value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Medical Steriliser Production in South-Eastern Asia

In value terms, medical steriliser production fell markedly to $X in 2022 estimated in export price. In general, production recorded a dramatic slump. The pace of growth was the most pronounced in 2021 with an increase of 406% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Medical Steriliser Exports

Exports in South-Eastern Asia

In 2022, medical steriliser exports in South-Eastern Asia reduced markedly to X units, which is down by -25.9% compared with the previous year's figure. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 101% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, medical steriliser exports dropped slightly to $X in 2022. Overall, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2021 when exports increased by 88%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Singapore (X units) represented the largest exporter of medical, surgical or laboratory sterilisers, generating 64% of total exports. Indonesia (X units) ranks second in terms of the total exports with a 14% share, followed by Vietnam (8.2%) and Malaysia (7.6%). Thailand (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to medical steriliser exports from Singapore stood at -11.5%. At the same time, Vietnam (+72.5%), Malaysia (+15.6%) and Indonesia (+1.7%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +72.5% from 2012-2022. By contrast, Thailand (-10.0%) illustrated a downward trend over the same period. While the share of Indonesia (+9.4 p.p.), Vietnam (+8.2 p.p.) and Malaysia (+6.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (-24.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest medical steriliser supplier in South-Eastern Asia, comprising 66% of total exports. The second position in the ranking was held by Malaysia ($X), with an 11% share of total exports. It was followed by Indonesia, with a 9.7% share.

In Singapore, medical steriliser exports contracted by an average annual rate of -9.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (+19.0% per year) and Indonesia (+4.2% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, with an increase of 34% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.7%), while the other leaders experienced more modest paces of growth.

Medical Steriliser Imports

Imports in South-Eastern Asia

In 2022, the amount of medical, surgical or laboratory sterilisers imported in South-Eastern Asia contracted to X units, waning by -8.7% against 2021 figures. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 27%. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, medical steriliser imports fell to $X in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when imports increased by 26% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the four major importers of medical, surgical or laboratory sterilisers, namely Indonesia, Thailand, Vietnam and Malaysia, represented more than two-thirds of total import. Singapore (X units) took a 7.7% share (based on physical terms) of total imports, which put it in second place, followed by Cambodia (6.6%). The Philippines (X units) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +24.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest medical steriliser importing markets in South-Eastern Asia were Indonesia ($X), Vietnam ($X) and Thailand ($X), with a combined 63% share of total imports. These countries were followed by Malaysia, Singapore, the Philippines and Cambodia, which together accounted for a further 35%.

Cambodia, with a CAGR of +20.7%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2014 when the import price increased by 13% against the previous year. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+20.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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